Surge Energy Inc. (T:SGY*CA)

Business Focus: Oil Exploration & Production - Onshore

Mar 15, 2024 06:00 am ET
SURGE ENERGY INC. CONFIRMS APRIL 2024 DIVIDEND
CALGARY, AB, March 15, 2024 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on April 15, 2024, in respect of March 2024 production, for the shareholders of record on March 31, 2024, will be $0.04 per share.
Mar 06, 2024 04:32 pm ET
SURGE ENERGY INC. ANNOUNCES RECORD ANNUAL PRODUCTION IN 2023; FOURTH QUARTER AND YEAR END FINANCIALS FOR 2023; 2023 YEAR END RESERVES
CALGARY, AB, March 6, 2024 /CNW/ - Surge Energy Inc. ("Surge", "SGY", or the "Company") (TSX: SGY) is pleased to announce its financial and operating results for the quarter and year ended December 31, 2023; and its year end 2023 reserves as independently evaluated by Sproule Associates Limited ("Sproule").
Feb 15, 2024 05:00 am ET
SURGE ENERGY INC. CONFIRMS MARCH 2024 DIVIDEND
CALGARY, AB, Feb. 15, 2024 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on March 15, 2024, in respect of February 2024 production, for the shareholders of record on February 29, 2024, will be $0.04 per share.
Jan 15, 2024 05:00 am ET
SURGE ENERGY INC. CONFIRMS FEBRUARY 2024 DIVIDEND
CALGARY, AB, Jan. 15, 2024 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on February 15, 2024, in respect of January 2024 production, for the shareholders of record on January 31, 2024, will be $0.04 per share.
Dec 15, 2023 05:00 am ET
SURGE ENERGY INC. CONFIRMS JANUARY 2024 DIVIDEND
CALGARY, AB, Dec. 15, 2023 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on January 15, 2024, in respect of December 2023 production, for the shareholders of record on December 31, 2023, will be $0.04 per share.
Dec 07, 2023 06:44 pm ET
SURGE ENERGY INC. ANNOUNCES 2024 CAPITAL AND OPERATING BUDGET; RELEASE OF ANNUAL SUSTAINABILITY REPORT; APPOINTMENT OF VICE PRESIDENTS
CALGARY, AB, Dec. 7, 2023 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce its 2024 capital and operating budget as approved by the Company's Board of Directors, the release of the Company's third annual sustainability report, as well as the appointment of two Vice Presidents.
Nov 20, 2023 06:58 am ET
Canadian Investment Regulatory Organization Trading Halt - SGY.DB.A
TORONTO, Nov. 20, 2023 /CNW/ - The following issues have been halted by CIRO:
Nov 15, 2023 05:00 am ET
SURGE ENERGY INC. CONFIRMS DECEMBER 2023 DIVIDEND
CALGARY, AB, Nov. 15, 2023 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on December 15, 2023, in respect of November 2023 production, for the shareholders of record on November 30, 2023, will be $0.04 per share.
Nov 02, 2023 05:54 pm ET
SURGE ENERGY INC. ANNOUNCES THIRD QUARTER FINANCIAL & OPERATING RESULTS, AND AN OPERATIONS UPDATE ON THE LATEST DRILLING RESULTS IN SPARKY AND SE SASKATCHEWAN CORE AREAS
CALGARY, AB, Nov. 2, 2023 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce the Company's financial and operating results for the quarter ended September 30, 2023, together with an update on Surge's latest drilling results.
Oct 19, 2023 09:06 am ET
Canadian Investment Regulatory Organization Trade Resumption - SGY.DB.B
TORONTO, Oct. 19, 2023 /CNW/ - Trading resumes in:
Oct 19, 2023 08:30 am ET
SURGE ENERGY INC. ANNOUNCES CLOSING OF CONVERTIBLE DEBENTURE FINANCING AND NOTICE OF REDEMPTION OF 6.75% CONVERTIBLE DEBENTURES DUE JUNE 30, 2024
CALGARY, AB, Oct. 19, 2023 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce that it has closed the previously announced convertible debenture financing with a syndicate of underwriters (the "Underwriters"), led by National Bank Financial Inc., pursuant to which the Underwriters purchased an aggregate principal amount of $48.3 million of convertible unsecured subordinated debentures of the Company (the "Debentures"), including exercise in full of the over-allotment option granted to the Underwriters (the "Over-Allotment Option") on a "bought-deal" basis (
Oct 19, 2023 08:12 am ET
Canadian Investment Regulatory Organization Trading Halt - SGY.DB.B
TORONTO, Oct. 19, 2023 /CNW/ - The following issues have been halted by CIRO:
Oct 16, 2023 06:00 am ET
SURGE ENERGY INC. CONFIRMS NOVEMBER 2023 DIVIDEND
CALGARY, AB, Oct. 16, 2023 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on November 15, 2023, in respect of October 2023 production, for the shareholders of record on October 31, 2023, will be $0.04 per share.
Sep 28, 2023 04:17 pm ET
Surge Energy Inc. Announces $42 Million Convertible Debenture Bought Deal Financing and Intention to Redeem Existing Convertible Debentures Due June 30, 2024
Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) is pleased to announce a public offering (the “Offering”) on a “bought deal” basis, of $42 million principal amount of convertible unsecured subordinated debentures, at a price of $1,000 per...
Sep 15, 2023 06:00 am ET
SURGE ENERGY INC. CONFIRMS OCTOBER 2023 DIVIDEND
CALGARY, AB, Sept. 15, 2023 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on October 16, 2023, in respect of September 2023 production, for the shareholders of record on September 30, 2023, will be $0.04 per share.
Aug 15, 2023 06:00 am ET
SURGE ENERGY INC. CONFIRMS SEPTEMBER 2023 DIVIDEND
CALGARY, AB, Aug. 15, 2023 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on September 15, 2023, in respect of August 2023 production, for the shareholders of record on August 31, 2023, will be $0.04 per share.
Aug 02, 2023 05:58 pm ET
SURGE ENERGY INC. ANNOUNCES FINANCIAL & OPERATING RESULTS FOR Q2/23
CALGARY, AB, Aug. 2, 2023 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce the Company's financial and operating results for the quarter ended June 30, 2023.
Jul 17, 2023 06:00 am ET
SURGE ENERGY INC. CONFIRMS AUGUST 2023 DIVIDEND
CALGARY, AB, July 17, 2023 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on August 15, 2023, in respect of July 2023 production, for the shareholders of record on July 31, 2023, will be $0.04 per share.
Jun 15, 2023 06:00 am ET
SURGE ENERGY INC. CONFIRMS JULY 2023 DIVIDEND
CALGARY, AB, June 15, 2023 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on July 17, 2023, in respect of June 2023 production, for the shareholders of record on June 30, 2023 will be $0.04 per share.
May 15, 2023 06:00 am ET
SURGE ENERGY INC. CONFIRMS JUNE 2023 DIVIDEND
CALGARY, AB, May 15, 2023 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on June 15, 2023, in respect of May 2023 production, for the shareholders of record on May 31, 2023 will be $0.04 per share.
May 10, 2023 07:24 pm ET
Surge Energy Inc. Announces Annual General Meeting Voting Results
CALGARY, AB, May 10, 2023 /CNW/ - Surge Energy Inc. (the "Company" or "Surge") (TSX: SGY) announces that at its annual meeting of shareholders held on May 10, 2023 the following nine director nominees were elected:
May 03, 2023 06:09 pm ET
SURGE ENERGY INC. ANNOUNCES RECORD PRODUCTION LEVELS IN Q1/23; FINANCIAL & OPERATING RESULTS FOR Q1/23; AND AN OPERATIONS UPDATE ON DRILLING RESULTS IN SPARKY AND SE SASKATCHEWAN CORE AREAS
CALGARY, AB, May 3, 2023 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce the Company's financial and operating results for the quarter ended March 31, 2023, and an update on Surge's latest drilling results.
Apr 17, 2023 06:00 am ET
SURGE ENERGY INC. CONFIRMS MAY 2023 DIVIDEND
CALGARY, AB, April 17, 2023 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on May 15, 2023, in respect of April 2023 production, for the shareholders of record on April 30, 2023 will be $0.04 per share.
Mar 15, 2023 06:00 am ET
SURGE ENERGY INC. CONFIRMS APRIL 2023 DIVIDEND
CALGARY, AB, March 15, 2023 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on April 17, 2023, in respect of March 2023 production, for the shareholders of record on March 31, 2023 will be $0.04 per share.
Mar 08, 2023 04:44 pm ET
SURGE ENERGY INC. ANNOUNCES 2022 FOURTH QUARTER AND YEAR END FINANCIAL AND OPERATING RESULTS, AND 2022 YEAR END RESERVES
CALGARY, AB, March 8, 2023 /CNW/ - Surge Energy Inc. ("Surge", "SGY", or the "Company") (TSX: SGY) is pleased to announce its financial and operating results for the quarter and year ended December 31, 2022; its year end 2022 reserves as independently evaluated by Sproule Associates Limited ("Sproule"); and a new Total Proven Plus Probable ("TPP") net asset value1 ("NAV") of $22.37 per share.
Feb 15, 2023 05:00 am ET
SURGE ENERGY INC. CONFIRMS MARCH 2023 DIVIDEND
CALGARY, AB, Feb. 15, 2023 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on March 15, 2023, in respect of February 2023 production, for the shareholders of record on February 28, 2023 will be $0.04 per share.
Jan 16, 2023 05:00 am ET
SURGE ENERGY INC. CONFIRMS INCREASED FEBRUARY 2023 DIVIDEND
CALGARY, AB, Jan. 16, 2023 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on February 15, 2023, in respect of January 2023 production, for the shareholders of record on January 31, 2023 will be $0.04 per share.
Dec 19, 2022 05:13 pm ET
SURGE ENERGY INC. ANNOUNCES CLOSING OF THE PREVIOUSLY ANNOUNCED STRATEGIC CORE AREA ACQUISITION; REITERATES ANTICIPATED 14% INCREASE TO DIVIDEND; CONFIRMS 2023 CAPITAL AND OPERATING BUDGET GUIDANCE AN
CALGARY, AB, Dec. 19, 2022 /CNW/ - Surge Energy Inc. ("Surge", or the "Company") (TSX: SGY) is pleased to announce today that it has closed the previously announced acquisition (the "Acquisition") of long life, low decline, crude oil assets in Surge's Sparky and SE Saskatchewan core areas (the "Assets"), for a net purchase price of $202 million ("the Purchase Price").
Dec 15, 2022 05:00 am ET
SURGE ENERGY INC. CONFIRMS JANUARY 2023 DIVIDEND
CALGARY, AB, Dec. 15, 2022 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on January 16, 2023, in respect of December 2022 production, for the shareholders of record on December 31, 2022 will be $0.035 per share. 
Nov 28, 2022 07:33 am ET
SURGE ENERGY INC. ANNOUNCES CLOSING OF OVER-ALLOTMENT OPTION
CALGARY, AB, Nov. 28, 2022 /CNW/ - Surge Energy Inc. ("Surge", "SGY", or the "Company") (TSX: SGY) is pleased to announce it has closed an over-allotment option (the "Over-Allotment Option") that was fully exercised by a syndicate of Underwriters to the Offering (as defined herein) led by National Bank Financial Inc. and Peters & Co. Limited (together with the syndicate members the "Underwriters"), to purchase an additional 1,135,200 common shares of the Company ("Shares") at a price of $9.25 per Share for gross proceeds of $10,500,600. The Over-Allotment Option was granted to the Underw
Nov 22, 2022 08:00 am ET
SURGE ENERGY INC. ANNOUNCES CLOSING OF PREVIOUSLY ANNOUNCED UPSIZED EQUITY FINANCING
CALGARY, AB, Nov. 22, 2022 /CNW/ - Surge Energy Inc. ("Surge", "SGY", or the "Company") (TSX: SGY) is pleased to announce the closing of the previously announced upsized, bought-deal equity financing (the "Financing") of 7,568,000 common shares of Surge ("Common Shares") at a price of $9.25 per Common Share, for gross proceeds of approximately $70.0 million. 
Nov 15, 2022 05:00 am ET
SURGE ENERGY INC. CONFIRMS DECEMBER 2022 DIVIDEND
CALGARY, AB, Nov. 15, 2022 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on December 15, 2022, in respect of November 2022 production, for the shareholders of record on November 30, 2022 will be $0.035 per share. 
Nov 03, 2022 08:20 am ET
Surge Energy Inc. Announces Upsizing of Previously Announced Equity Financing
Surge Energy Inc. (“Surge”, “SGY”, or the “Company”) (TSX: SGY) is pleased to announce that, as a result of excess demand, it has agreed with the syndicate of underwriters led by National Bank Financial Inc. and Peters & Co. Limited to increase the...
Nov 03, 2022 08:05 am ET
IIROC Trade Resumption - SGY
TORONTO, Nov. 3, 2022 /CNW/ - Trading resumes in:
Nov 02, 2022 04:29 pm ET
IIROC Trading Halt - SGY
TORONTO, Nov. 2, 2022 /CNW/ - The following issues have been halted by IIROC:
Nov 02, 2022 04:25 pm ET
Surge Energy Inc. Announces a $245 Million ($200 Million Net) Strategic Core Area Acquisition and Financings; Anticipated 14% Dividend Increase; Increased 2022 Production Rate Exit Guidance; and Preli
Surge Energy Inc. (“Surge”, “SGY”, or the “Company”) (TSX: SGY) is pleased to announce that it has entered into a definitive purchase and sale agreement (the “Definitive Agreement”) with Enerplus Corporation (“Enerplus” or “ERF”) pursuant to which...
Nov 02, 2022 06:00 am ET
SURGE ENERGY INC. ANNOUNCES THIRD QUARTER FINANCIAL & OPERATING RESULTS; AND AN OPERATIONS UPDATE ON STRONG DRILLING RESULTS IN SE SASKATCHEWAN / SPARKY CORE AREAS
CALGARY, AB, Nov. 2, 2022 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce the Company's financial and operating results for the quarter ended September 30, 2022, and an update on Surge's latest drilling results.
Oct 17, 2022 11:33 am ET
SURGE ENERGY INC. CONFIRMS NOVEMBER 2022 DIVIDEND
CALGARY, AB, Oct. 17, 2022 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on November 15, 2022, in respect of October 2022 production, for the shareholders of record on October 31, 2022 will be $0.035 per share. 
Sep 22, 2022 05:00 pm ET
SURGE ENERGY INC. ANNOUNCES NOTICE OF REDEMPTION OF 5.75% CONVERTIBLE DEBENTURES
CALGARY, AB, Sept. 22, 2022 /CNW/ - Surge Energy Inc. ("Surge", "SGY", or the "Company") (TSX: SGY) is pleased to announce that it is issuing a notice of redemption to holders of its currently outstanding $44,500,000 5.75% Convertible Unsecured Subordinated Debentures due December 31, 2022 (the "Debentures"). The  Debentures are not subject to a pre-payment penalty.
Sep 15, 2022 06:00 am ET
SURGE ENERGY INC. CONFIRMS OCTOBER 2022 DIVIDEND
CALGARY, AB, Sept. 15, 2022 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on October 17, 2022, in respect of September 2022 production, for the shareholders of record on September 30, 2022 will be $0.035 per share.
Aug 15, 2022 06:00 am ET
SURGE ENERGY INC. CONFIRMS SEPTEMBER 2022 DIVIDEND
CALGARY, AB, Aug. 15, 2022 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on September 15, 2022, in respect of August 2022 production, for the shareholders of record on August 31, 2022 will be $0.035 per share. 
Jul 27, 2022 06:22 pm ET
SURGE ENERGY INC. ANNOUNCES RECORD SECOND QUARTER FINANCIAL & OPERATING RESULTS; RETURN OF CAPITAL FRAMEWORK; OPERATIONS UPDATE; AND 2022 CAPITAL AND OPERATING BUDGET UPDATE
 CALGARY, AB, July 27, 2022 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce the Company's financial and operating results for the quarter ended June 30, 2022, an update on Surge's shareholder returns framework, an operations update, and revisions to the Company's 2022 capital and operating budget.
Jul 15, 2022 06:00 am ET
SURGE ENERGY INC. CONFIRMS AUGUST 2022 DIVIDEND
CALGARY, AB, July 15, 2022 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on August 15, 2022 in respect of July 2022 production, for the shareholders of record on July 31, 2022 will be $0.035 per share.
Jun 15, 2022 05:40 pm ET
SURGE ENERGY INC. DECLARES REINSTATED DIVIDEND PAYABLE JULY 15, 2022
CALGARY, AB, June 15, 2022 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce that the Board of Directors has approved the reinstatement of its monthly cash dividend, as part of the Company's previously announced integrated business strategy of returning capital to shareholders, plus production per share growth. Accordingly, a cash dividend of $0.035 per share will be payable on July 15, 2022 in respect of June 2022 production, for the Surge shareholders of record on June 30, 2022.
May 11, 2022 06:46 pm ET
Surge Energy Inc. Announces Annual General Meeting Voting Results
CALGARY, AB, May 11, 2022 /CNW/ - Surge Energy Inc. (the "Company" or "Surge") (TSX: SGY) announces that at its annual meeting of shareholders held on May 11, 2022 the following nine director nominees were elected:
May 05, 2022 06:19 pm ET
SURGE ENERGY INC. ANNOUNCES INTENT TO REINSTITUTE BASE DIVIDEND ON JULY 15, 2022; LARGE NEW LIGHT OIL POOL EXTENSION AND LAND ACQUISITION AT STEELMAN IN SE SASKATCHEWAN; UPDATE ON TERM DEBT AND CREDIT
CALGARY, AB, May 5, 2022 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce: 1) the intent to reinstitute the Company's base dividend on July 15, 2022;  2) the successful acquisition of strategic, core area lands in SE Saskatchewan at a recent Crown sale;  3) the receipt of an additional $30 million of term debt financing under the same terms and conditions as its existing 5-year term debt facility (the "Term Debt Facility");  4) the intent to redeem the Company's $44.5 million of 5.75% convertible debentures for cash;  5) the reconfirmation and extension
Mar 09, 2022 05:58 pm ET
SURGE ENERGY INC. ANNOUNCES 2021 FOURTH QUARTER AND YEAR-END FINANCIAL AND OPERATING RESULTS, AND 2021 YEAR-END RESERVES
CALGARY, AB, March 9, 2022 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce its financial and operating results for the quarter and year ended December 31, 2021, its year end 2021 reserves as independently evaluated by Sproule Associates Limited ("Sproule"), and a new net asset value ("NAV") of $16.94 per share for Total Proven Plus Probable reserves.
Jan 17, 2022 07:00 am ET
SURGE ENERGY INC. ANNOUNCES 2022 CAPITAL AND OPERATING BUDGET; CORPORATE UPDATE ON SHAREHOLDER RETURNS BUSINESS MODEL; OPERATIONS UPDATE
CALGARY, AB, Jan. 17, 2022 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce its 2022 budget guidance, as approved by the Company's Board of Directors, an update on Surge's anticipated reinstatement of Management's shareholder returns focused business model, and an operations update.
Dec 21, 2021 03:43 pm ET
Surge Energy Inc. Announces Inaugural Sustainability Report
CALGARY, AB, Dec. 21, 2021 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce that it has published its inaugural Sustainability Report.
Dec 09, 2021 04:23 pm ET
Surge Energy Inc. Announces $130 Million Term Debt Financing; New $150 Million First Lien Credit Facility; Repayment of $42 Million BDC Term Facility; and Provides Strategic Outlook to Shareholders
CALGARY, AB, Dec. 9, 2021 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce that it has closed a $130 million 5-year term debt facility (the "Term Debt Facility") and a new normal course $150 million first lien credit facility with a revised syndicate of five lenders (the "First Lien Credit Facility"). Concurrent with the closing of the Term Debt Facility and First Lien Credit Facility, the Company has repaid its $42 million, non-revolving BDC term loan (the "BDC Term Facility").
Nov 03, 2021 07:05 pm ET
Surge Energy Inc. Announces Third Quarter Financial & Operating Results
CALGARY, AB, Nov. 3, 2021 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce its financial and operating results for the quarter ended September 30, 2021.
Nov 01, 2021 09:05 pm ET
Surge Energy Inc. Announces Closing of $58 Million Southeast Saskatchewan Light Oil Acquisition; Upward Revision to 2022 Guidance
CALGARY, AB, Nov. 1, 2021 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce the completion of the previously announced acquisition of Fire Sky Energy Inc. ("Fire Sky") pursuant to an amalgamation (the "Transaction") under the provisions of The Business Corporations Act (Saskatchewan).
Oct 04, 2021 06:00 am ET
Surge Energy Inc. Announces $58 Million Southeast Saskatchewan Core Area Light Oil Acquisition; and an Upward Revision to 2021 Exit Rate and 2022 Production Guidance
CALGARY, AB, Oct. 4, 2021 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) and Fire Sky Energy Inc. ("Fire Sky") announce that they have entered into an amalgamation agreement (the "Amalgamation Agreement"), pursuant to which Surge has agreed to acquire all of the issued and outstanding common shares of Fire Sky ("Fire Sky Shares") by way of a statutory amalgamation (the "Transaction") for total consideration of approximately $58 million. The Transaction is to be funded by the issuance of approximately 11.2 million Surge common shares ("Surge Shares"), and the assumption of ap
Aug 18, 2021 10:33 am ET
Surge Energy Inc. Announces Closing of Strategic $160 Million Southeast Saskatchewan Light Oil Acquisition; Closing of New Credit Facilities; Approval of Share Consolidation; and 2022 Guidance
CALGARY, AB, Aug. 18, 2021 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce that it has successfully completed the previously announced acquisition (the "Acquisition") of Astra Oil Corp. ("Astra") pursuant to an arrangement (the "Arrangement") under the provisions of the Business Corporations Act (Alberta).
Jul 29, 2021 04:19 pm ET
Surge Energy Inc. Announces Second Quarter Financial & Operating Results
CALGARY, AB, July 29, 2021 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce its financial and operating results for the quarter ended June 30, 2021.
Jun 22, 2021 06:14 pm ET
Surge Energy Inc. Announces Strategic $160 Million Southeast Saskatchewan Light Oil Acquisition; New $215 Million Credit Facility; and Upward Revision to 2021 Exit Rate and 2022 Production Guidance
CALGARY, AB, June 22, 2021 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) and Astra Oil Corp. ("Astra") announce that they have entered into an arrangement agreement (the "Arrangement Agreement"), pursuant to which Surge has agreed to acquire all of the issued and outstanding common shares of Astra ("Astra Shares") by way of a statutory arrangement (the "Transaction") for total consideration of approximately $160 million. The Transaction is to be funded by the issuance of Surge common shares ("Surge Shares"), and the assumption of approximately $15 million of net debt1.
May 14, 2021 04:50 pm ET
Surge Energy Inc. Announces First Quarter Financial & Operating Results and ESG Update
CALGARY, AB, May 14, 2021 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce its financial and operating results for the quarter ended March 31, 2021.
May 13, 2021 09:05 am ET
Surge Energy Inc. Announces Completion of Upsized Bought Deal Flow-Through Financing; Extension of First Lien Credit Facilities Into the Second Half of 2022; Preliminary 2022 Guidance
CALGARY, AB, May 13, 2021 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce it has closed the previously announced bought deal public offering (the "Offering") of flow-through common shares ("Flow-Through Shares"). Surge is also pleased to announce that its first lien credit facilities have been extended through to July 1, 2022. Additionally, the Company is announcing 2021 production exit guidance and preliminary 2022 capital and operating guidance.
May 12, 2021 08:45 pm ET
Surge Energy Inc. Announces Annual General Meeting Voting Results
CALGARY, AB, May 12, 2021 /CNW/ - Surge Energy Inc. (the "Company" or "Surge") (TSX: SGY) announces that at its annual meeting of shareholders held on May 12, 2021 the following nine director nominees were elected:
Apr 29, 2021 11:12 am ET
Surge Energy Inc. Upsizes Previously Announced "Bought Deal" Public Offering of Flow-Through Common Shares
N/OT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
Apr 28, 2021 05:36 pm ET
Surge Energy Inc. Announces $15 Million "Bought Deal" Public Offering of Flow-Through Common Shares
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
Mar 25, 2021 11:41 am ET
Surge Energy Inc. Announces Closing of Strategic $106 Million Asset Sale; Positive Credit Facilities Re-Determination
CALGARY, AB, March 25, 2021 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce it has successfully completed its previously announced strategic $106 million asset sale (the "Sale"), and finalized a positive re-determination of the Company's credit facilities.
Mar 09, 2021 04:00 pm ET
Surge Energy Inc. Announces 2020 Fourth Quarter and Year-End Financial and Operating Results and 2020 Year-End Reserves
CALGARY, AB, March 9, 2021 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce its financial and operating results for the quarter and year ended December 31, 2020, and its year-end 2020 reserves, as independently evaluated by Sproule Associates Limited ("Sproule").
Mar 05, 2021 06:43 am ET
Surge Energy Inc. Announces Successful 1H/21 Drilling Program; Strategic $106 Million Asset Sale; Positive Credit Facility Re-Determination
CALGARY, AB, March 5, 2021 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce its successful 32 well 1H/21 drilling program, a strategic $106 million asset sale (the "Sale"), and a positive re-determination of its first lien and second lien credit facilities.
Jan 27, 2021 03:05 pm ET
Surge Energy Inc. Announces 2021 Capital and Operating Budget; ESG Update
CALGARY, AB, Jan. 27, 2021 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce its 2021 budget guidance, as approved by the Company's Board of Directors, as well as an update on Surge's ongoing Environmental, Social and Governance ("ESG") program.
Nov 17, 2020 04:34 pm ET
Surge Energy Inc. Announces Closing of $40 Million, 4 Year BDC Term Facility; Confirms Extension of Credit Facility Maturity to December 31, 2021; Receipt of $50.6 Million EDC Credit Facility Commitme
CALGARY, AB, Nov. 17, 2020 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce that it has executed definitive agreements with the Business Development Bank of Canada ("BDC"), in partnership with the Company's syndicate of lenders (the "Syndicate"), for a non-revolving facility of $40 million, providing attractive interest rates over a four year term (the "Term Facility").
Nov 03, 2020 03:20 pm ET
Surge Energy Inc. Announces $40 million, 4 Year BDC Term Facility; $50 Million EDC Credit Commitment; Extension of Credit Facility Maturity to December 31, 2021; Alberta Site Rehabilitation Program Up
CALGARY, AB, Nov. 3, 2020 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce that it has received lender approvals for a total of $90 million in new credit commitments to the Company, subject to final documentation. These commitments include:
Jul 30, 2020 04:57 pm ET
Surge Energy Inc. Announces Second Quarter Financial and Operating Results; and Corporate Update
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Jun 22, 2020 06:00 am ET
Surge Energy Inc. Announces Corporate Update; Redetermination of Credit Facility; Sparky Technical Update
CALGARY, AB, June 22, 2020 /CNW Telbec/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) provides a corporate update, confirmation of a redetermination under the Company's reserves-based credit facility (the "Credit Facility"), and a technical update in regards to the Company's Sparky core area.
May 12, 2020 07:35 pm ET
Surge Energy Inc. Announces Annual General Meeting Voting Results
CALGARY, May 12, 2020 /CNW/ - Surge Energy Inc. (the "Company" or "Surge") (TSX: SGY) announces that at its annual meeting of shareholders held on May 12, 2020 the following nine director nominees were elected:
May 05, 2020 08:54 pm ET
Surge Energy Inc. Announces First Quarter 2020 Results
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Apr 30, 2020 04:39 pm ET
Surge Energy Inc. Announces Change to Virtual-Only AGM Shareholder Meeting
CALGARY, April 30, 2020 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) announces that the Annual Meeting (the "Meeting") of the holders of common shares of Surge (Shareholders), scheduled for Tuesday, May 12, 2020 at 3:00p.m. (Calgary time), has been changed from an in-person meeting to a virtual-only meeting to be held electronically at the same time and on the same date. Shareholders will be able to attend the Meeting electronically using a smartphone, tablet or computer but will not be able to attend the Meeting in person.
Apr 14, 2020 06:08 pm ET
Surge Energy Inc. Announces COVID-19 Pandemic Response; Corporate Update; Annual General Meeting; Dividend Suspension
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Mar 16, 2020 06:00 am ET
Surge Energy Inc. Confirms March 2020 Dividend
CALGARY, March 16, 2020 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on April 15, 2020 in respect of March 2020 production, for the shareholders of record on March 31, 2020 will be $0.000833 per share. 
Mar 09, 2020 10:45 pm ET
Surge Energy Inc. Announces 2019 Fourth Quarter and Year-End Financial and Operating Results; 2019 Year-End Reserves; and Dividend Reduction
CALGARY, March 9, 2020 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce its financial and operating results for the quarter and year ended December 31, 2019, and its year-end 2019 reserves, as evaluated by Sproule.
Feb 17, 2020 05:00 am ET
Surge Energy Inc. Confirms February 2020 Dividend
CALGARY, Feb. 17, 2020 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on March 16, 2020 in respect of February 2020 production, for the shareholders of record on February 29, 2020 will be $0.008333 per share. 
Jan 15, 2020 05:00 am ET
Surge Energy Inc. Confirms January 2020 Dividend
CALGARY, Jan. 15, 2020 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on February 17, 2020 in respect of January 2020 production, for the shareholders of record on January 31, 2020 will be $0.008333 per share. 
Dec 16, 2019 05:00 am ET
Surge Energy Inc. Confirms December 2019 Dividend
CALGARY, Dec. 16, 2019 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on January 15, 2020 in respect of December 2019 production, for the shareholders of record on December 31, 2019 will be $0.008333 per share. 
Dec 12, 2019 04:00 pm ET
Surge Energy Inc. Announces 2020 Budget
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Nov 15, 2019 05:00 am ET
Surge Energy Inc. Confirms November 2019 Dividend
CALGARY, Nov. 15, 2019 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on December 16, 2019 in respect of November 2019 production, for the shareholders of record on November 30, 2019 will be $0.008333 per share. 
Nov 04, 2019 08:03 pm ET
Surge Energy Inc. Announces Third Quarter 2019 Results
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Oct 15, 2019 06:00 am ET
Surge Energy Inc. Confirms October 2019 Dividend
CALGARY, Oct. 15, 2019 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on November 15, 2019 in respect of October 2019 production, for the shareholders of record on October 31, 2019 will be $0.008333 per share.
Sep 16, 2019 06:00 am ET
Surge Energy Inc. Confirms September 2019 Dividend
CALGARY, Sept. 16, 2019 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on October 15, 2019 in respect of September 2019 production, for the shareholders of record on September 30, 2019 will be $0.008333 per share. 
Aug 15, 2019 06:00 am ET
Surge Energy Inc. Confirms August 2019 Dividend
CALGARY, Aug. 15, 2019 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on September 16, 2019 in respect of August 2019 production, for the shareholders of record on August 31, 2019 will be $0.008333 per share. 
Aug 12, 2019 06:59 am ET
Surge Energy Inc. Announces Second Quarter Results; Appointment of CFO
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Jul 15, 2019 06:00 am ET
Surge Energy Inc. Confirms July 2019 Dividend
CALGARY, July 15, 2019 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on August 15, 2019 in respect of July 2019 production, for the shareholders of record on July 31, 2019 will be $0.008333 per share. 
Jun 17, 2019 06:00 am ET
Surge Energy Inc. Confirms June 2019 Dividend
CALGARY, June 17, 2019 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on July 15, 2019 in respect of June 2019 production, for the shareholders of record on June 30, 2019 will be $0.008333 per share. 
May 15, 2019 06:00 am ET
Surge Energy Inc. Confirms May 2019 Dividend
CALGARY, May 15, 2019 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on June 17, 2019 in respect of May 2019 production, for the shareholders of record on May 31, 2019 will be $0.008333 per share. 
May 14, 2019 07:54 pm ET
Surge Energy Inc. Announces Annual General Meeting Voting Results
CALGARY, May 14, 2019 /CNW/ - Surge Energy Inc. (the "Company" or "Surge") (TSX: SGY) announces that at its annual meeting of shareholders held on May 14, 2019 the following nine director nominees were elected: 
May 08, 2019 09:02 am ET
Surge Energy Inc. Announces Closing of Convertible Debenture Financing
CALGARY, May 8, 2019 /CNW/ - Surge Energy Inc. (the "Company") (TSX: SGY) is pleased to announce that it has closed its previously announced convertible debenture financing with a syndicate of underwriters (the "Underwriters"), led by National Bank Financial Inc., pursuant to which the Underwriters purchased an aggregate principal amount of $34.5 million of convertible unsecured subordinated debentures of the Company (the "Debentures"), including exercise in full of the over-allotment option granted to the Underwriters (the "Over-Allotment Option"), at a price of $1,000 per Debenture, on a "
May 08, 2019 08:59 am ET
IIROC Trade Resumption - SGY.DB.A
TORONTO, May 8, 2019 /CNW/ - Trading resumes in:
May 08, 2019 08:06 am ET
IIROC Trading Halt - SGY.DB.A
TORONTO, May 8, 2019 /CNW/ - The following issues have been halted by IIROC:
May 06, 2019 07:24 pm ET
Surge Energy Inc. Announces 2019 First Quarter Results; Record Production
CALGARY, May 6, 2019 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce its operating and financial results for the quarter ended March 31, 2019.
Apr 17, 2019 04:20 pm ET
Surge Energy Inc. Announces $30 Million Convertible Debenture Financing
THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce that it has entered into a $30 million bought-deal financing (the...
Apr 15, 2019 06:00 am ET
Surge Energy Inc. Confirms April 2019 Dividend
CALGARY, April 15, 2019 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on May 15, 2019 in respect of April 2019 production, for the shareholders of record on April 30, 2019 will be $0.008333 per share. 
Mar 15, 2019 06:00 am ET
Surge Energy Inc. Confirms March 2019 Dividend
CALGARY, March 15, 2019 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on April 15, 2019 in respect of March 2019 production, for the shareholders of record on March 31, 2019 will be $0.008333 per share.
Mar 12, 2019 08:18 pm ET
Surge Energy Inc. Announces 2018 Fourth Quarter and Year-End Financial and Operating Results; 2018 Year-End Reserves; Record Production and Reserves Achieved
CALGARY, March 12, 2019 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce its operating and financial results for the quarter ended December 31, 2018, and its year-end 2018 reserves, as evaluated by Sproule.
Feb 15, 2019 05:00 am ET
Surge Energy Inc. Confirms February 2019 Dividend
CALGARY, Feb. 15, 2019 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on March 15, 2019 in respect of February 2019 production, for the shareholders of record on February 28, 2019 will be $0.008333 per share.
Jan 15, 2019 05:00 am ET
Surge Energy Inc. Confirms January 2019 Dividend
CALGARY, Jan. 15, 2019 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on February 15, 2019 in respect of January 2019 production, for the shareholders of record on January 31, 2019 will be $0.008333 per share. 
Jan 14, 2019 05:00 am ET
Surge Energy Inc. Announces 2019 Capital Budget and Production Guidance
CALGARY, Jan. 14, 2019 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) announces that its Board of Directors has formally approved the Company's 2019 capital budget, production and operation guidance. Surge's 2019 budget is consistent with its stated goal of delivering consistent shareholder returns through disciplined per share growth, as well as a sustainable dividend.
Dec 17, 2018 05:00 am ET
Surge Energy Inc. Confirms December 2018 Dividend
CALGARY, Dec. 17, 2018 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on January 15, 2019 in respect of December 2018 production, for the shareholders of record on December 31, 2018 will be $0.008333 per share. 
Nov 15, 2018 05:00 am ET
Surge Energy Inc. Maintains Existing Dividend for November 2018
CALGARY, Nov. 15, 2018 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on December 17, 2018 in respect of November 2018 production, for the shareholders of record on November 30, 2018 will be $0.008333 per share.
Nov 06, 2018 08:01 pm ET
Surge Energy Inc. Announces Third Quarter 2018 Results; Average Q3 Production Exceeds 2018 Exit Rate Guidance; Adjusted Funds Flow Per Share Up 80 Percent Over Q3/17
CALGARY, Nov. 6, 2018 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) announces its operating and financial results for the quarter ended September 30, 2018.
Oct 25, 2018 09:06 am ET
Surge Energy Inc. Announces Closing of Accretive $320 Million Light Oil Acquisition; $200 Million Increase to Credit Facility; Anticipated Dividend Increase; Q3/18 Production Exceeds 2018 Exit Rate
CALGARY, Oct. 25, 2018 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce that it has successfully completed the previously announced acquisition (the "Acquisition") of Mount Bastion Oil & Gas Corp. ("MBOG") pursuant to an arrangement (the "Arrangement") under the provisions of the Business Corporations Act (Alberta).
Oct 15, 2018 06:00 am ET
Surge Energy Inc. Confirms October 2018 Dividend
CALGARY, Oct. 15, 2018 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on November 15, 2018 in respect of October 2018 production, for the shareholders of record on October 31, 2018 will be $0.008333 per share. 
Sep 28, 2018 06:00 am ET
Surge Energy Inc. Confirms the Mailing of the Joint Information Circular With Respect to The Proposed Plan of Arrangement Involving Surge Energy Inc. & Mount Bastion Oil & Gas Corp and the Posting of
CALGARY, Sept. 28, 2018 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that the joint management information circular (the "Circular") and form of proxy with respect to the proposed plan of arrangement (the "Arrangement") involving Surge and Mount Bastion Oil & Gas Corp. ("MBOG") have been mailed to the Surge shareholders of record as of September 24, 2018. Surge confirms that the Circular and form of proxy can be accessed and viewed on the Company's website (www.surgeenergy.ca) or on the Company's profile on SEDAR (www.sedar.com).
Sep 17, 2018 06:00 am ET
Surge Energy Inc. Confirms September 2018 Dividend
CALGARY, Sept. 17, 2018 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on October 15, 2018 in respect of September 2018 production, for the shareholders of record on September 30, 2018 will be $0.008333 per share. 
Sep 05, 2018 11:27 pm ET
Surge Energy Inc. Announces Accretive $320 Million Core Area Light Oil Acquisition
CALGARY, Sept. 5, 2018 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) and Mount Bastion Oil and Gas Corp.  ("Mount Bastion" or "MBOG") have announced that they have entered into an arrangement agreement (the "Arrangement Agreement"), pursuant to which Surge has agreed to acquire all of the issued and outstanding common shares of MBOG ("MBOG Shares") by way of a statutory arrangement (the "Transaction").
Aug 16, 2018 09:00 am ET
Surge Energy Inc. Confirms Executive Appointments
CALGARY, Aug. 16, 2018 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: "SGY") confirms executive appointments.
Aug 15, 2018 06:00 am ET
Surge Energy Inc. Confirms August 2018 Dividend
CALGARY, Aug. 15, 2018 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on September 17, 2018 in respect of August 2018 production, for the shareholders of record on August 31, 2018 will be $0.008333 per share.
Aug 08, 2018 05:30 pm ET
Surge Energy Inc. Announces Second Quarter 2018 Results; Current Production Exceeds 2018 Exit Rate; Adjusted Funds Flow Per Share Up 38 Percent Over Q1/18
CALGARY, Aug. 8, 2018 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) announces its operating and financial results for the quarter ended June 30, 2018.
Jul 16, 2018 04:05 pm ET
Surge Energy Inc. Announces Appointments to the Board of Directors
CALGARY, July 16, 2018 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce the appointments of Ms. Marion Burnyeat and Ms. Allison Maher to the Board of Directors effective July 16, 2018. 
Jul 16, 2018 06:00 am ET
Surge Energy Inc. Confirms July 2018 Dividend
CALGARY, July 16, 2018 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on August 15, 2018 in respect of July 2018 production, for the shareholders of record on July 31, 2018 will be $0.008333 per share. 
Jun 15, 2018 11:18 am ET
Surge Energy Inc. Announces Change in Dividend Payment
CALGARY, June 15, 2018 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) announces a correction to the dividend payment date for the June dividend. The payment date will be July 16, 2018, rather than the previously announced date of July 15, 2018 due to the date falling on a weekend. The record date is June 30, 2018.
Jun 15, 2018 06:00 am ET
Surge Energy Inc. Confirms June 2018 Dividend
CALGARY, June 15, 2018 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on July 15, 2018 in respect of June 2018 production, for the shareholders of record on June 30, 2018 will be $0.008333 per share. 
May 16, 2018 07:08 pm ET
Surge Energy Inc. Announces Annual General Meeting Voting Results
CALGARY, May 16, 2018 /CNW/ - Surge Energy Inc. (the "Company" or "Surge") (TSX: SGY) announces that at its annual meeting of shareholders held on May 16, 2018 the following seven director nominees were elected:
May 15, 2018 04:30 pm ET
Surge Energy Inc. Announces $28.4 Million Sparky Core Area Acquisition; Upward Revision to 2018 Exit Guidance; Increase to Dividend
CALGARY, May 15, 2018 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce the execution of a formal purchase and sale agreement for the acquisition (the "Acquisition") of high netback, waterflooded, crude oil producing assets (the "Assets") in the Company's core Sparky area of Central Alberta for a purchase price of $28.4 million, which is expected to close on or about May 31, 2018.
May 15, 2018 06:00 am ET
Surge Energy Inc. Confirms May 2018 Dividend
CALGARY, May 15, 2018 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on June 15, 2018 in respect of May 2018 production, for the shareholders of record on May 31, 2018 will be $0.007917 per share. 
May 08, 2018 06:10 pm ET
Surge Energy Inc. Announces First Quarter 2018 Results; Large Increase to Primary Credit Facility
CALGARY, May 8, 2018 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) announces its operating and financial results for the quarter ended March 31, 2018.  
Apr 16, 2018 06:00 am ET
Surge Energy Inc. Confirms April 2018 Dividend
CALGARY, April 16, 2018 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on May 15, 2018 in respect of April 2018 production, for the shareholders of record on April 30, 2018, will be $0.007917 per share.
Mar 15, 2018 06:00 am ET
Surge Energy Inc. confirms March 2018 dividend
CALGARY, March 15, 2018 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on April 16, 2018 in respect of March 2018 production, for the shareholders of record on March 31, 2018 will be $0.007917 per share. 
Mar 14, 2018 05:23 pm ET
Surge Energy Inc. Announces Fourth Quarter and 2017 Year End Results; Exceeds 2017 Production Exit Rate Target; Increased Adjusted Funds Flow Per Share by 40 Percent
CALGARY, March 14, 2018 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) announces its operating and financial results for the quarter ended December 31, 2017.
Feb 20, 2018 04:43 pm ET
Surge Announces Approval of Normal Course Issuer Bid
CALGARY, Feb. 20, 2018 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce that the Toronto Stock Exchange (the "TSX") has accepted Surge's notice of intention to make a normal course issuer bid for its outstanding common shares in accordance with the rules and policies of the TSX.
Feb 15, 2018 07:05 am ET
Presenter Agenda Posted for EnerCom Dallas Oil & Gas Investment Conference Feb. 21-22, 2018
DENVER, Feb. 15, 2018 /PRNewswire/ -- EnerCom's Texas-based oil and gas investment conference—EnerCom Dallas—will feature presentations from C-level executives at publicly traded and private oil and natural gas companies, as well as energy economists and other experts who will discuss global energy trends and projected economics for the industry in 2018 and 2019.
Feb 15, 2018 05:00 am ET
Surge Energy Inc. Confirms February 2018 Dividend
CALGARY, Feb. 15, 2018 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on March 15, 2018 in respect of February 2018 production, for the shareholders of record on February 28, 2018 will be $0.007917 per share. 
Feb 13, 2018 06:17 pm ET
Surge Energy Inc. Announces 2017 Year End Reserves; Over 10 Percent Increase in Net Asset Value to $6.06 Per Share; 9 Percent Increase in Reserves Per Share; Reinstitution of Share Buy Back
CALGARY, Feb. 13, 2018 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") announced the results of its independent reserves evaluation (the "Sproule Report") effective December 31, 2017, as prepared by Sproule Associates Limited ("Sproule"). 
Jan 31, 2018 01:53 pm ET
Conference Agenda Has Been Posted for 2018 EnerCom Dallas Oil & Gas Investment Conference
DENVER, Jan. 31, 2018 /PRNewswire/ -- EnerCom's Texas-based oil and gas investment conference—EnerCom Dallas—will feature presentations from C-level executives at publicly traded and private oil and natural gas companies, as well as energy economists and other experts who will discuss global energy trends and projected economics for the industry in 2018 and 2019.
Jan 24, 2018 01:49 pm ET
EnerCom Updates 2018 EnerCom Dallas Oil & Gas Conference Presenters, Speakers
DENVER, Jan. 24, 2018 /PRNewswire/ -- EnerCom's Texas-based oil and gas investment conference—EnerCom Dallas—will feature presentations from C-level executives at publicly traded and private oil and natural gas companies, as well as energy economists and other experts who will discuss global energy trends and projected economics for the industry in 2018 and 2019.
Jan 18, 2018 04:44 pm ET
EnerCom Dallas Announces 2018 Conference Presenters
DENVER, Jan. 18, 2018 /PRNewswire/ -- EnerCom's Texas-based oil and gas investment conference—EnerCom Dallas—will kick off on Feb. 21, 2018.
Jan 15, 2018 05:00 am ET
Surge Energy Inc. Confirms January 2018 Dividend
CALGARY, Jan. 15, 2018 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on February 15, 2018 in respect of January 2018 production, for the shareholders of record on January 31, 2018 will be $0.007917 per share.
Dec 15, 2017 05:00 am ET
Surge Energy Inc. Confirms December 2017 Dividend
CALGARY, Dec. 15, 2017 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on January 15, 2018 in respect of December 2017 production, for the shareholders of record on December 31, 2017 will be $0.007917 per share. 
Dec 13, 2017 05:14 pm ET
Surge Energy Inc. Announces 2018 Guidance
CALGARY, Dec. 13, 2017 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) announces that its Board of Directors has formally approved Surge's 2018 capital expenditure and production guidance.
Nov 15, 2017 08:57 am ET
IIROC Trade Resumption - Surge Energy Inc. 5.75% convertible unsecured subordinated debentures
Toronto, Ontario--(Newsfile Corp. - November 15, 2017) - Trading resumes in:
Nov 15, 2017 08:41 am ET
Surge Energy Inc. Announces Closing of Convertible Debenture Financing
CALGARY, Nov. 15, 2017 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce that it has closed its previously announced Convertible Debenture Financing (the "Financing") agreement with a syndicate of Underwriters, led by NBF, pursuant to which the Underwriters purchased $44.5 million principal amount of Debentures at a price of $1,000 per Debenture, on a "bought deal" basis. (the "Closing"). The Company granted to the Underwriters an option (the "Over-Allotment Option") to purchase up to an additional 4,500 Debentures at a price of $1,000 per Debenture, whic
Nov 15, 2017 08:07 am ET
IIROC Trade Halt - Surge Energy Inc.
Toronto, Ontario--(Newsfile Corp. - November 15, 2017) - The following issues have been halted by IIROC:
Nov 15, 2017 06:00 am ET
Surge Energy Inc. Confirms November 2017 Dividend
CALGARY, Nov. 15, 2017 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on December 15, 2017 in respect of November 2017 production, for the shareholders of record on November 30, 2017 will be $0.007917 per share. 
Nov 10, 2017 05:15 pm ET
S&P Dow Jones Indices Announces Changes to the S&P/TSX Canadian Indices
Results of the Semi-Annual Review of the S&P/TSX Revenue Exposure Indices
Nov 07, 2017 05:11 pm ET
Surge Energy Inc. Announces Third Quarter 2017 Results
CALGARY, Nov. 7, 2017 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) announces its operating and financial results for the quarter ended September 30, 2017.
Oct 26, 2017 04:20 pm ET
Surge Energy Inc. Announces $37.2 Million Sparky Core Area Acquisition; $40 Million Convertible Debenture Financing; Upward Revision to 2017 Exit Guidance; 2018 Preliminary Guidance
THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES Surge Energy Inc. ("Surge" or the "Company") (TSX:SGY) is pleased to announce the acquisition (the "Acquisition") of a low decline, high netback,...
Oct 16, 2017 07:00 am ET
Surge Energy Inc. Confirms October 2017 Dividend
CALGARY, Oct. 16, 2017 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on November 15, 2017 in respect of October 2017 production, for the shareholders of record on October 31, 2017 will be $0.007917 per share. 
Sep 15, 2017 07:00 am ET
Surge Energy Inc. Confirms September 2017 Dividend
CALGARY, Sept. 15, 2017 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on October 16, 2017 in respect of September 2017 production, for the shareholders of record on September 30, 2017 will be $0.007917 per share. 
Aug 15, 2017 07:00 am ET
Surge Energy Inc. Confirms August 2017 Dividend
CALGARY, Aug. 15, 2017 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on September 15, 2017 in respect of August 2017 production, for the shareholders of record on August 31, 2017 will be $0.007917 per share. 
Aug 02, 2017 05:01 pm ET
Surge Energy Inc. Announces Second Quarter 2017 Results
CALGARY, Aug. 2, 2017 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) announces its operating and financial results for the quarter ended June 30, 2017.
Jul 17, 2017 07:00 am ET
Surge Energy Inc. Confirms July 2017 Dividend
CALGARY, July 17, 2017 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on August 15, 2017 in respect of July 2017 production, for the shareholders of record on July 31, 2017 will be $0.007917 per share. 
Jun 15, 2017 07:00 am ET
Surge Energy Inc. Confirms June 2017 Dividend
CALGARY, June 15, 2017 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on July 17, 2017 in respect of June 2017 production, for the shareholders of record on June 30, 2017 will be $0.007917 per share. 
May 16, 2017 09:26 pm ET
Surge Energy Inc. Announces Annual General Meeting Voting Results
CALGARY, May 16, 2017 /CNW/ - Surge Energy Inc. (the "Company" or "Surge") (TSX: SGY) announces that at its annual meeting of shareholders held on May 16, 2017 the following eight director nominees were elected:
May 15, 2017 07:00 am ET
Surge Energy Inc. Confirms May 2017 Dividend
CALGARY, May 15, 2017 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on June 15, 2017 in respect of May 2017 production, for the shareholders of record on May 31, 2017 will be $0.007917 per share. 
May 10, 2017 06:14 pm ET
Surge Energy Inc. Announces First Quarter 2017 Results; Increased Guidance; and Continued Per Share Growth
CALGARY, May 10, 2017 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) announces its operating and financial results for the quarter ended March 31, 2017.
Apr 19, 2017 08:00 am ET
Surge Energy Inc. Announces $37 Million Core Sparky Area Acquisition; Upward Revision to 2017 Guidance; Increased Dividend
CALGARY, April 19, 2017 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) announces the acquisition (the "Acquisition") of a low decline, high netback, waterflooded, crude oil producing asset in its core Sparky area of Central Alberta. In addition, Surge has acquired two net undeveloped sections in the Company's core operated Eyehill asset (collectively the "Assets"). Surge has identified up to 29 low risk, development drilling locations on the Assets.
Apr 17, 2017 07:00 am ET
Surge Energy Inc. Confirms April 2017 Dividend
CALGARY, April 17, 2017 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on May 15, 2017 in respect of April 2017 production, for the shareholders of record on April 30, 2017 will be $0.007083 per share. 
Mar 15, 2017 06:54 pm ET
Surge Energy Inc. Announces Q4 and Year End 2016 Results; Exceeds 2016 Production Exit Rate Target; Cash Flow Per Share Up 43 Percent; Confirms March 2017 Dividend
CALGARY, March 15, 2017 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) announces its operating and financial results for the year and quarter ended December 31, 2016.
Feb 23, 2017 02:14 pm ET
IIROC Trade Resumption - SGY
TORONTO, Feb. 23, 2017 /CNW/ - Trading resumes in:
Feb 23, 2017 02:00 pm ET
Surge Energy Inc. announces 2016 year end reserves; new net asset value of $5.47 per share; and $3.74 per boe FD&A
CALGARY, Feb. 23, 2017 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") announced the results of its independent reserves evaluation (the "Sproule Report") effective December 31, 2016, as prepared by Sproule Associates Limited ("Sproule"). 
Feb 23, 2017 01:53 pm ET
IIROC Trading Halt - SGY
TORONTO, Feb. 23, 2017 /CNW/ - The following issues have been halted by IIROC:
Feb 15, 2017 06:00 am ET
Surge Energy Inc. Confirms February 2017 Dividend
CALGARY, Feb. 15, 2017 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on March 15, 2017 in respect of February 2017 production, for the shareholders of record on February 28, 2017 will be $0.00708 per share. 
Feb 08, 2017 02:13 pm ET
Surge Energy Inc. Announces Intended 15 Percent Increase to its Dividend - On Growing Production Volumes and Free Funds Flow
CALGARY, Feb. 8, 2017 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) announces the Company's intention to increase its dividend from $0.075 per year ($0.00625 per month) to $0.085 per year ($0.00708 per month) effective March 15th, 2017.
Jan 16, 2017 06:00 am ET
Surge Energy Inc. Confirms January 2017 Dividend
CALGARY, Jan. 16, 2017 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on February 15, 2017 in respect of January 2017 production, for the shareholders of record on January 31, 2017 will be $0.00625 per share. 
Dec 15, 2016 05:50 am ET
Surge Energy Inc. confirms December 2016 dividend
CALGARY, Dec. 15, 2016 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on January 16, 2017 in respect of December 2016 production, for the shareholders of record on December 31, 2016 will be $0.00625 per share. 
Dec 13, 2016 03:43 pm ET
Surge Energy Inc. announces upward revision to 2017 production guidance
CALGARY, Dec. 13, 2016 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) announces that its Board of Directors has formally approved an upward revision to the Company's previously announced 2017 preliminary production guidance.
Nov 15, 2016 05:50 am ET
Surge Energy Inc. Confirms November 2016 Dividend
CALGARY, Nov. 15, 2016 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on December 15, 2016 in respect of November 2016 production, for the shareholders of record on November 30, 2016 will be $0.00625 per share. 
Nov 09, 2016 05:42 pm ET
Surge Energy Inc. Announces Third Quarter 2016 Results
CALGARY, Nov. 9, 2016 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) announces its operating and financial results for the quarter ended September 30, 2016.
Oct 17, 2016 06:50 am ET
Surge Energy Inc. Confirms October 2016 Dividend
CALGARY, Oct. 17, 2016 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on November 15, 2016 in respect of October 2016 production, for the shareholders of record on October 31, 2016 will be $0.00625 per share. 
Sep 15, 2016 07:00 am ET
Surge Energy Inc. Confirms September 2016 Dividend
CALGARY, Sept. 15, 2016 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on October 17, 2016 in respect of September 2016 production, for the shareholders of record on September 30, 2016 will be $0.00625 per share. 
Sep 06, 2016 08:00 am ET
Surge Energy Inc. Announces Preliminary Guidance For 2017 and Upward Revision to 2016 Production Exit Rate
CALGARY, Sept. 6, 2016 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) announces preliminary guidance for 2017, with production averaging more than 13,650 boepd, and a 2017 production exit rate of 14,150 boepd. In addition, Surge announces an upward revision to the Company's previously announced 2016 production exit rate estimate from 13,000 boepd to 13,500 boepd.
Aug 15, 2016 07:00 am ET
Surge Energy Inc. Confirms August 2016 Dividend
CALGARY, Aug. 15, 2016 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on September 15, 2016 in respect of August 2016 production, for the shareholders of record on August 31, 2016 will be $0.00625 per share.
Aug 03, 2016 06:29 pm ET
Surge Energy Inc. announces second quarter 2016 results
CALGARY, Aug. 3, 2016 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) announces its operating and financial results for the quarter ended June 30, 2016.
Jul 21, 2016 10:17 am ET
Excellent Drilling Efficiencies; Current Production Exceeds 2016 Exit Rate; Bank Line Confirmed
CALGARY, July 21, 2016 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) announces excellent development drilling results in each of the Company's three core areas at Shaunavon, Valhalla, and Eyehill (Sparky).  This 14 well drilling program has added production of more than 2,000 boepd (85 percent oil; IP/180 day), at an "all-in" on-stream cost1 of $19.75 million - providing a production efficiency of less than $9,875 per flowing boepd.
Jul 15, 2016 07:00 am ET
Surge Energy Inc. Confirms July 2016 Dividend
CALGARY, July 15, 2016 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on August 15, 2016 in respect of July 2016 production, for the shareholders of record on July 31, 2016 will be $0.00625 per share. 
Jun 15, 2016 07:00 am ET
Surge Energy Inc. Confirms June 2016 Dividend
CALGARY, June 15, 2016 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on July 15, 2016 in respect of June 2016 production, for the shareholders of record on June 30, 2016 will be $0.00625 per share. 
May 16, 2016 07:00 am ET
Surge Energy Inc. Confirms May 2016 Dividend
CALGARY, May 16, 2016 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on June 15, 2016 in respect of May 2016 production, for the shareholders of record on May 31, 2016 will be $0.00625 per share. 
May 11, 2016 07:26 pm ET
Surge Energy Inc. Announces First Quarter 2016 Results
CALGARY, May 11, 2016 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) announces its operating and financial results for the quarter ended March 31, 2016.
May 05, 2016 07:00 am ET
Surge Energy Inc. Announces Annual General Meeting Voting Results
CALGARY, May 5, 2016 /CNW/ - Surge Energy Inc. (the "Company" or "Surge") (TSX: SGY) announces that at its annual meeting of shareholders held on May 4, 2016 the following eight director nominees were elected:
Apr 15, 2016 07:00 am ET
Surge Energy Inc. confirms April 2016 dividend
CALGARY, April 15, 2016 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on May 16, 2016 in respect of April 2016 production, for the shareholders of record on April 30, 2016 will be $0.00625 per share. 
Apr 07, 2016 06:00 pm ET
Surge Energy Inc. Announces Closing of $43 MM Asset Sales; Dividend Reduction; and Updates 2016 Guidance
CALGARY, April 7, 2016 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) announces the sale of its non-core Sunset property, and the facilities sale at Valhalla, for total proceeds of $43 million; reduction of the Company's dividend; and updated 2016 guidance.
Mar 16, 2016 06:01 pm ET
Surge Energy Inc. Announces Fourth Quarter and Year-End 2015 Results
CALGARY, March 16, 2016 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) announces its operating and financial results for the year and quarter ended December 31, 2015.
Mar 15, 2016 07:00 am ET
Surge Energy Inc. confirms March 2016 dividend
CALGARY, March 15, 2016 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on April 15, 2016 in respect of March 2015 production, for the shareholders of record on March 31, 2016 will be $0.0125 per share. 
Feb 16, 2016 06:00 am ET
Surge Energy Inc. Confirms February 2016 Dividend
CALGARY, Feb. 16, 2016 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on March 15, 2016 in respect of February 2015 production, for the shareholders of record on February 29, 2016 will be $0.0125 per share. 
Feb 09, 2016 01:50 am ET
Surge Energy Inc. Announces 2015 Year End Reserves; Operational Update; and New Net Asset Value of $4.88 per Share
CALGARY, Feb. 8, 2016 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") announced the results of its independent reserves evaluation (the "Surge Sproule Report") effective December 31, 2015 as prepared by Sproule Associates Limited ("Sproule").

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